signifikan terhadap Assets Turn Over saham industri barang konsumsi di Bursa Efek Indonesia periode 2007 sampai dengan 2010.
3. Hasil pengujian hipotesis ketiga secara simultan variabel Intellectual Capital, Ukuran Perusahaan dan Leverage berpengaruh terhadap Market Book Value
Ratio barang konsumsi di Bursa Efek Indonesia. Hal ini berarti bahwa variabel Intellectual Capital, Ukuran Perusahaan dan Leverage berpengaruh atau
menentukan pola pergerakan Market Book Value Ratio dan secara parsial variabel Intellectual Capital, Ukuran Perusahaan dan Leverage memiliki
pengaruh signifikan terhadap Market Book Value Ratio saham industri barang konsumsi di Bursa Efek Indonesia periode 2007 sampai dengan 2010.
5.2 Saran
Berdasarkan kesimpulan yang dikemukakan di atas, maka disarankan sebagai berikut:
1. Investor dapat menggunakan indikator keuangan yang terdiri dari Intellectual Capital, Ukuran Perusahaan dan Leverage untuk mengambil keputusan investasi
di sektor industri barang konsumsi karena secara simultan berpengaruh secara signifikan terhadap Return On Asset, Asset Turn Over dan Market Book
Valuation saham industri barang konsumsi di Bursa Efek Indonesia. 2. Para investor diharapkan untuk memperhatikan pertumbuhan dan perkembangan
inovasi dari perusahaan industri barang konsumsi. Hal ini dikarenakan industri barang konsumsi merupakan industri yang pernuh persaingan sehingga
perusahaan harus memberikan perhatian dan pelatihan lebih terhadap para
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karyawan sehingga terus dapat menghasilkan produk yang inovatif yang bersaing dipasar.
3. Industri barang konsumsi adalah industri yang menghasilkan berbagai macam produk kebutuhan masyarakat. Oleh karena itu, diharapkan sebelum melakukan
investasi para investor dapat melihat dan menilai apakah produk yang dihasilkan oleh salah satu perusahaan dari industri barang konsumsi dapat bersaing dipasar,
sehingga penilaian para investor tidak hanya berdasarkan besar kecilnya perusahaan.
4. Perusahaan diharapkan mempertimbangkan peningkatan hutang agar dapat meningkatkan nilai perusahaan, sebab penggunaan hutang diatas batas optimal
atau tidak sesuai dengan karakteristik spesifik perusahaan akan menyebabkan kemungkinan terjadinya resiko gagal bayar. Dalam hal ini diharapkan para
investor juga harus melihat kebijakan manajemen dalam penggunaan hutang walaupun industri barang konsumsi merupakan salah satu industri yang dapat
bertahan pada masa krisis.
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Lampiran 1 : Pengolahan Data ROA Variabel bebas
: VAIC, Ukuran, dan Leverage
Variabel terikat : ROA
EMITEN TAHUN
ROA VAIC
UKURAN LEVERAGE
Rp LnROA
LnVAIC LnLEVERAGE
CEKA 2007
0.04 78.38
0.64 -3.22
4.36 -0.45
